HP (Hewlett-Packard) 17bII Calculator User Manual


 
B: More About Calculations 249
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
×
×
=
=0
==
1
(%:)
(%: )
( )
k
j
j
k
jj
j
NFV NPV SPFV i N where N n
NPV
NUS
USPV i N
TOTAL n CF
Bond Calculations
Reference: Lynch, John J., Jr. and Jan H. Mayle, Standard Securities
Calculation Methods, Securities Industry Association, New York, 1986.
A
accrued days, the number of days from beginning of coupon period
to settlement date.
E
number of days in coupon period bracketing settlement date. By
convention, E is 180 (or 360) if calendar basis is 30/360.
DSC
number of days from settlement date to next coupon date. (DSC
E
A).
M
coupon periods per year ( 1 annual, 2 semiannual),
N
number of coupon periods between settlement and redemption dates.
If N has a fractional part (settlement not on coupon date), then
round it to the next higher whole number.
Y
annual yield as a decimal fraction, YLD% / 100.
For one or fewer coupon period to redemption:
%
%
1
CPN
CALL
ACPN
M
PRICE
DSC Y
EM
EM

+



×








=-
For more than one coupon period to redemption: